Rapidflight Announces Acquisition Of Local Motors Intellectual Property Portfolio

Jul 08, 2023•about 2 years ago

Acquiring Company

RapidFlight

Acquired Company

Local Motors Property Portfolio

AerospaceSecurityManufacturing

Description

RapidFlight, an unmanned aircraft manufacturing company headquartered in Virginia, proudly announced the successful acquisition of the intellectual property (IP) portfolio of Local Motors. This strategic move underscores RapidFlight's unwavering commitment to deploying additive manufacturing (AM) technologies to meet its national security customers needs. By harnessing the power of 3D printing and other AM techniques, RapidFlight delivers superior-quality unmanned aircraft systems that surpass industry standards in terms of time-to-market and scalability.

Company Information

Company

RapidFlight

About

RapidFlight is an integrated designer and manufacturer of unmanned aircraft based in Manassas, Virginia. RapidFlight is accelerating the time from concept to flight while building aircraft systems that meet the demanding challenges, evolving requirements, and tight timelines that are inherent to our national security. Through next-generation manufacturing processes and a team of industry leaders RapidFlight is ushering in a new era of aircraft manufacturing. For more information, visit www.rapidflight.aero.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed